Summary
Robert Hervajec, a prominent figure in cybersecurity and a star of Shark Tank, shares a cautionary tale about being scammed by his own sales manager when he first started his company. He reflects on the lessons learned about trust and vigilance in business.
Source: International Business Times UK
Key Points
- Hervajec was deceived by his sales manager, who funneled deals to his own side company.
- A former employee revealed the fraud during her exit interview.
- Signs of employee fraud include sudden lifestyle upgrades and reluctance to share responsibilities.
- Business owners should implement fraud awareness campaigns and open communication policies.
- Regular audits and standardized vendor contracts can reduce the risk of fraud.
Why should I read this?
This article is a must-read for anyone dabbling in business, especially if you’re an entrepreneur. Hervajec’s tale is a stark reminder to always look out for yourself and your company. It offers practical advice on spotting fraud and safeguarding against it – invaluable insights that could save you a lot of hassle.